Big buyer supporting the DAX into the close yesterday, came back 100 pts lower today.

They are back defending the 7470 level again.

 

Paul Rotter, aka The Flipper back?

 

Unless you can prove this, its only your speculation it was.

 

Its not the flipper... this is someone with bigger backing... much bigger backing!!!

 

Very true, but I think everyone watching the order book last week woudl agree... less obvious today but it looks very similar...

So anyone out there have an idea as to who and why? If you want long delta's there must be better/smarter ways to obtain them at a more reasonable price... If you're trying to keep down the vol then its working...

 

It is the ECB supporting the market. Some German banks are in trouble and a serious slide in equity price would exacerbate the situation.

 

If that was the case why not do all index futures? Why only DAX and so obivously?

 

The question is why he is holding up only the FDAX and not the ESTX50 or is it a big spread trade selling ESTX50/buyibg FDAX.

 

The German market (DAX) is by far the largest pure ECB market. The only other one of even mentionable size is the CAC. The German market leads Europe and influences US equities i.e. If the DAX were down 400 pts the DOWwould be down 600+

 

About half the euro stoxx index ( market cap.) is made up of non ECB components.